Thu, Jul 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index -0.33% in June, +1.51% YTD

Thursday, July 25, 2013
Opalesque Industry Update - The Parker FX Index is reporting a -0.33% return for the month of June. Forty-one of the forty-three programs in the Index reported June 2013 results, of which fifteen reported positive results and twenty-six incurred losses. On a risk-adjusted basis, the Index was down -0.14% in June. The median return for the month was -0.23%, while the performance for June ranged from a high of +11.02% to a low of -5.67%.

In addition to the broad Parker FX Index, there are two style driven sub-indices: the Parker Systematic Index, which tracks those managers whose decision process is rule based, and the Parker Discretionary Index, which tracks managers whose decision process is judgmental. During June, the Systematic Index was down -0.32% and the Discretionary Index was down -0.34%. On a risk-adjusted basis, the Parker Systematic Index was down -0.12% and the Parker Discretionary Index was down -0.25%.

The top three performing constituent programs for the month of June on a reported basis, returned +11.02%, +3.77% and +1.85%, respectively. The top three performers on a risk-adjusted basis returned +3.73%, +1.57% and +1.10%, respectively.

The US dollar strengthened versus other G-10 currencies following the Federal Reserve’s comments that the central bank may gradually slow or end the quantitative easing programs. The rally gradually faded after disappointing US GDP data prompted investors to question the likelihood of the Federal Reserve changing course. Elsewhere, the yen’s decline versus the dollar reversed as the currency strengthened by 1.58%. Emerging market currencies were negatively impacted by the diminished growth targets and higher rates in the US.

The Parker FX Index is a performance-based benchmark that measures both the reported and the risk adjusted returns of global currency managers. It is the first index used to analyze unleveraged (risk-adjusted) performance in order to calculate pure currency alpha, or manager skill. The 330-month compounded annual return since inception (January, 1986 through June, 2013) is up +10.48% on a reported basis and up +2.94% on a risk adjusted basis.

press release

parkerglobal.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  2. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  3. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  4. North America - Hedge funds disclose their Puerto Rico debt holdings, US dominates new money portion of Greece's debt sale[more]

    Hedge funds disclose their Puerto Rico debt holdings From Reuters.com: A group of hedge funds that hold about $3 billion of Puerto Rico sales-tax-backed debt released a court filing late on Tuesday that revealed how much of the total amount each fund manages. Decagon Holdings LLC,

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor